In volatile trading, the Bombay Stock Exchange benchmark Sensex on Thursday rose for the sixth straight day, the longest winning steak of the year on news of inflation easing and firming global cues.
In volatile trading, the Bombay Stock Exchange benchmark Sensex on Thursday rose for the sixth straight day, the longest winning steak of the year on news of inflation easing and firming global cues.
The Sensex, which notched gains of nearly 12 per cent in the last five sessions, advanced by 0.57 per cent, or 61.52 points at 10,803.86. During the day, it moved between 10,932.12 and 10,655.96 points.
However, the 50-share National Stock Exchange index Nifty, after touching a six-month high level of 3,400, fell to close with a loss of 0.90 points at 3,342.05.
While the market received support from firming overseas stock markets, the inflation rate falling to 0.26 per cent from 0.31 was a major booster.
Realty stocks were major gainers on aggressive buying by funds on expectations of interest rate cuts by banks, leading to more home sales.
The realty sector index surged by 5.42 per cent to 2,041.33. Commodity producers tracked gains in metal prices, while banking and financial company shares rose on expectations of a fresh stimulus move by the US.
The metal index rose by 3.72 per cent to 6,801.56, followed by the banking index, by 2.64 per cent to 5,045.27. Trading in the metal sector picked up after the index of six metals rose 0.7 per cent on the London Metal Exchange, its second day of gains.
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